INVESTOR GUIDE - Niedersachsen...Population: 11 239,004 inhabitants (2015). Population density:...
Transcript of INVESTOR GUIDE - Niedersachsen...Population: 11 239,004 inhabitants (2015). Population density:...
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INVESTORGUIDE
MINISTERIODEL COMERCIO EXTERIOR
Y LA INVERSIÓN EXTRANJERA
CÁMARA DE COMERCIODE LA REPÚBLICA DE CUBA
ProCubaCentro para la Promocióndel Comercio Exterior y la Inversión Extranjera
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INVESTOR GUIDE
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6 INTRODUCTION
X8 COUNTRY PROFILE10 General data of the country
13 Infrastructure and communications
15 Financial and banking system
16 Financial insurance
16 Structure of the Cuban business system
X18 ECONOMIC FRAMEWORK19 Structure of the Gross Domestic Product
19 Cuba: Gross Domestic Product of 2015
20 External sector
21 Structure of commercial exchange per region in 2015
22 Main trade partners
22 Main export and import products
X25 BUSINESS ENVIRONMENT26 Advantages of investing in Cuba
26 Business opportunities and sectors targeted for foreign investment
27 Mariel Special Development Zone
28 Special Tax System for the MSDZ
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29 Establishment of businesses in Cuba
31 Incentives and warrants for investors
X32 LEGAL FRAMEWORK33 Law No. 118 “Foreign Investment Act”
33 Most important legal definitions
33 Modalities of foreign investment
35 Contributions and their valuation
35 Banking regimen
36 Export - import regimen
36 Labor and social security regimen
37 Special tax regimen
38 Conflict resolution regimen
38 Reserves and insurance
39 Registration regimen in the Business Registry
39 Financial information regimen
39 Environmental and technological regulations
40 Protection of Intellectual Property
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X41 PRACTICAL INFORMATION42 Working schedule
42 National commemorations
42 Public holidays
43 Entities providing assistance to investors
43 Migratory formalities
43 Registration and authentication of documents
44 Renting and purchase of buildings
45 Main public services
47 Hotels
48 Taxi companies
48 Car rentals
48 Insurance companies
49 Banks
50 Commercial events and fairs
50 Institutions that conduct feasibility studies
52 Web sites of interest
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INTRODUCTION
Foreign investment in Cuba, as part of the updating of the Cuban econom-ic model, is aimed at the diversification and expansion of export markets, the access to advanced technologies, the replacement of imports, the ob-tainment of foreign financing, the creation of new sources of employment, the attraction of new managerial methods and their connection with the development of productive chains, and the change of the country’s energy matrix through the use of renewable sources of energy.
This Guide has been prepared with the purpose of helping foreign inves-tors interested in doing business with Cuba. The guide does cover the most relevant aspects and answers the main questions investors may have, including social and economic information about Cuba, and the Mariel Special Development Zone, as well as practical information to facil-itate the establishment of businesses in the country.
In addition, this guide also refers to other laws, regulations and resolu-tions adopted in the country for foreign investment.
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COUNTRY PROFILE
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SANCTI SPÍRITUS
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GENERAL DATA OF THE COUNTRY
Official name: Republic of Cuba
Area: 109 884,01 km2
Capital: Havana
Official Language: Spanish
Time zone: GMT -5
Main cities: Havana, Santiago de Cuba, Hol-guin, Camagüey, Cienfuegos, Matanzas, Pinar del Río and Ciego de Ávila.
Geographic location: Cuba is an archipelago comprising the island of Cuba with an area of 107 464,74 km2, the Isle of Youth with 2 419,27 km2 and about 4 200 adjacent cays and islets.
It is the biggest Caribbean island and has a strategic position at the entrance of the Gulf of Mexico in the Caribbean Sea. It is bounded to the north by the United States of America (Key West) and the Commonwealth of Bahamas, which are respectively located 150 km, and 21 km away; Jamaica is 140 km to the south, the Republic of Haiti lies 77 km to the east, and the United Mexican States are 210 km to the west.
Climate: Generally speaking, it is quite ac-ceptable to say that Cuban climate is tropical, seasonally humid, with maritime influence and semicontinentality features. There are also re-ports of the existence of another type of climate in the highest areas of the main mountain rang-es of the country, which is classified as relatively dry and tropical with very little rain.
Temperatures are generally high. Average annu-al temperatures range from 22ºC to 28ºC and may be higher in the eastern coast; values lower than 20ºC are reported in the highest areas of mountain ranges. The maximum average tem-perature registered ranges from 27ºC to 32ºC and the minimum average temperature, from 17ºC to 23ºC.
Political and administrative division: Cuba is divided into 15 provinces and 168 municipalities, including the special munici-pality of the Isle of Youth.
Population: 11 239,004 inhabitants (2015).
Population density: 102,3 inhabitants/km2 (2015).
Population growth rate: 0,1 per 1 000 in-habitants (2015).
Population distribution according to age and sex (2015)
AGE (YEARS) POPULATION
MEN
WOMEN
UNDER 5 YEARS OLD
624,845 322,255 302,590
5-9 584,838 301,153 283,685
10-14 646,974 332,834 314,140
15-19 709,101 365,946 343,155
20-24 738,778 381,569 357,209
25-29 814,396 420,301 394,095
30-34 693,913 355,160 338,763
35-39 972,742 340,718 332,024
40-44 944,809 471,724 472,785
45-49 1006,845 496,514 510,331
50-54 965,370 471,717 493,653
55-59 660,036 319,296 340,740
60-64 587,582 283,034 304,548
65 AND OLDER
1589,075 738,182 850,893
Source: 2015 Statistical Yearbook of Cuba. National Statistics and Information Office of the Republic of Cuba (ONEI by its Spanish initials).
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Active population (total per sector) Thousands of workers
INDICATOR TOTAL WOMEN % MEN %
ECONOMICALLY ACTIVE POPULATION
4979,5 1865,4 54.2 3114,1 82,9
EMPLOYED INHABITANTS
4860,5 1817,8 37,4 3042,7 62,6
UNEMPLOYED INHABITANTS
119,0 47,6 40,4 71.4 59,6
EMPLOYMENT RATE %
2,4 2,6 2.3
Source: 2015 Social and Economic Overview of Cuba.National Statistics and Information Office of the Republic of Cuba (ONEI by its Spanish initials).
Official currency: The official currency is the Cuban peso (CUP), which circulates in bills to the value of 1, 3, 5, 10, 20, 50, 100, 200, 500 and 1,000 pesos and coins to the value of 1 and 3 pesos. The convertible peso (CUC) is also used to pay for products and services offered in that currency within the national territory.
Exchange rate determination: The CUP is worth the same as the American dollar (USD), that is to say, 1 CUP is equal to 1 USD according to the official exchange rate (which applies to all banking and commercial operations).
In the case of buying and selling operations ex-ecuted by the population, 25 CUPs are equal to 1 CUCs whereas 1 CUC is equal to 24 CUPs. Ex-change services are provided by banks, airports, hotels and exchange houses (CADECAS).
The country is currently working on the exchange and monetary unification. Such unification will be gradual and will comprise several stages which will involve legal entities and nationals.
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Political and governmental system: In the Republic of Cuba, sovereignty is vested in the people, from whom arises the power of the State. This power is exercised either direct-ly or by means of the National People’s Pow-er Assembly which is the supreme body of the power of the State, represents and expresses the sovereign will of the whole population, and constitutes the only instrument invested
with constituent and legislative authority in the country-together with other bodies of the State derived from the Assembly, in the manner and under the regulations established by the Consti-tution and other laws.
Cuban economy is governed by a centrally planned system, based on the socialist owner-ship of the basic means of production.
Educational system: The country has an edu-cational system going from the day care centers to the universities scattered throughout the national territory. Education is mandatory up to ninth grade. In primary and secondary education, children are given a more comprehensive and differentiated treatment, and benefit from the use of educational television and audiovisual aids in the classroom.
There are about 60 higher education institutions: the University of Havana, which is the most important center of the Island including several specialized schools, as well as high-level and prestigious univer-sity centers in each of the provinces. Up to date Cuba has more than one million university graduates. Furthermore, postgraduate education is one of the components of the higher education training model.
ENROLLMENT PER EDUCATIONAL LEVEL SCHOOL YEAR 2014/2015
Higher education
Junior and Senior High schools
Primary education
Other
Source: 2015 Social and Economic Overview of Cuba. National Statistics and Information Office of the Republic of Cuba (ONEI by its Spanish initials).
9%
39%
40%12%
HIGHER EDUCATION GRADUATES
Source: 2015 Social and Economic Overview of Cuba. National Statistics and Information Office of the Republic of Cuba (ONEI by its Spanish initials).
100 000
90 000
80 000
70 000
60 000
50 000
40 000
30 000
20 000
10 000
0
2000
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
16 7
6953 572
36 2
61
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INFRASTRUCTURE AND COMMUNICATIONS
Telecommunications
The Empresa de Telecomunicaciones de Cuba, S.A. (ETECSA), has a network of Internet and telephone services which guarantees direct com-munication within the national territory and with any corner of the world (http://www.etecsa.cu).
This telephone services network has developed gradually. Currently, according to the official fig-ures, there are 4 643 789 telephone lines in use in the country.
In addition, by means of Cubacel services, ETEC-SA commercializes mobile telephony, operating under the GSM (900 MHz) and 3G around all the national territory.
1 2
3
45
6
789
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INTERNATIONAL AIRPORTS
National airports
Transportation system
There is a seaport, road and air infrastructure that allows the connectivity of socioeconomic objectives both in and out of the country.
The most important connecting roads through-out the Island are the Carretera Central (Cen-tral Highway), the Autopista Nacional (National Freeway) and the (Línea Central) Central Rail-way; the latter has a long railroad network with 8 367 km of tracks..
Air TransportationThe country has a solid airport infrastructure whose expansion has been planned for the main tourist areas, in view of the expectations concerning tourism growth in the Island.
International airports:
1. José Martí International Airport (Havana)
2. Juan Gualberto Gómez International Airport (Varadero)
3. Antonio Maceo International Airport (Santi-ago de Cuba)
4. Ignacio Agramonte International Airport (Camagüey)
5. Frank País International Airport (Holguín)
6. Vitalio Acuña Airport (Cayo Largo del Sur)
Other airports for international civil aviation:
7. Jardines del Rey International Airport (Cayo Coco, Ciego de Ávila)
8. Abel Santamaría International Airport (Villa Clara)
9. Jaime González Airport (Cienfuegos)
10. Sierra Maestra Airport (Granma)
In addition, there are 15 national airports.
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The agencies in charge of the air transportation of passengers and cargos are the following:
It is the oldest and the biggest airline and covers almost all destinations in the country with regular flights (http://www.cubana.cu/home).
It is in charge of domestic and international flights in Central America and the Caribbean for cargo and passenger transportation (http://www.cubajet.com/es/aerolineas/aeroca-ribbean.asp).
Agency specialized in national and international air cargo services, and operator of air cargo terminals and other related services (http://www.aerovaradero.com.cu/).
It is the youngest airline in Cuba, with a wide-ranging portfolio of services. It offers nation-al and international flights in Central America and the Caribbean, for cargo and passenger transportation, as well as flights for business people (http://www.aerogaviota.com).
In Cuba at present, there are various opera-tional foreign airlines. Among airlines which provide more frequent services are Aerocarib-bean, Aeroflot, Aerovaradero, Air Canada, Air Caraibes, Air Europa, Air France, Aeromexico, Bahamasair, Blue Panorama, Cayman Airways,
Comercial take off S.A, Conviasa, Copa Airlines, Cubana de Aviación, Elca S.A., Iberia, Interjet, Lan Chile, Martinair, Taag, Taca, Tame, KLM y Vir-gin Atlantic. Nevertheless, the country receives throughout the year a great number of charter flights, which have connection with almost all .
Maritime transportationCuba has 32 commercial ports. The most im-portant ones are Mariel, Havana, Santiago de Cuba, Cienfuegos, Matanzas, Moa, Gerona, Cayo Largo, Batabanó and Nuevitas.
The most modern port in the country is the Mariel port, located in Artemisa province, within the Mariel Special Development Zone, which is about 45 km to the west of Havana. Since the port is situated in the middle of the Caribbean region and the Americas, in the in-tersection of the North-South/East-West axes of the maritime commercial traffic of goods, it constitutes the center of a 1000- mile radius circumference in which the main ports of the region are located.
It has a modern container terminal with 702 meters of quay, which has the necessary ca-pacity and services for the operation of Super Post-Panamax ships, by means of modern and highly automated equipment to handle, store, connect and control containers.
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Energy
GENERATION OF ELECTRICITY PER YEARS
Source: 2015 Social and Economic Overview of Cuba. National Statistics and Information Office of the Republic of Cuba (ONEI by its Spanish initials).
Gigawatt/hour
14 000
15 000
16 000
17 000
18 000
19 000
20 000
15 032.2
2000
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
20 288.0FINANCIAL AND BANKING SYSTEM
The national financial and banking system, whose governing body is the Banco Central de Cuba (Central Bank of Cuba), comprises nine commercial banks, 15 non-banking financial institutions, 10 representative offices of foreign banks in Cuba, and three representative offices of non-banking financial institutions.
The representative offices of foreign banks based in Cuba do not work as banks or branches there-of; they are simply responsible for the manage-ment and promotion of bank activities carried out by the bank they represent and by the insti-tutions of the Cuban banking system and other national entities.
Gross electricity generation by type of production plant
THERMAL POWER GENERATION GENERATORS GROUPS RENEWABLE ENERGY
YEARS TOTAL THERMOELECTRIC AUTO- PRODUCERS GAS TURBINES INTERCONNECTED SYSTEM ISOLATED HYDROPOWER OTHERS
2000 15032.2 12185.3 1301.2 1037.4 - 149.3 89.0 -
2002 15698.8 12877.5 1335.2 1222.9 - 156.5 106.4 0.3
2003 15810.5 12806.2 1096.5 1611.0 - 168.7 127.7 0.4
2004 15633.7 12335.6 1160.3 1871.2 - 178.6 87.7 0.4
2005 15341.1 12325.9 802.2 1937.2 20.1 187.9 67.7 0.1
2006 16468.4 11672.3 775.8 2233.2 1500.6 192.7 93.5 0.3
2007 17622.5 11099.4 779.2 2493.3 2917.4 211.6 121.4 0.2
2008 17681.3 9828.6 900.9 2537.9 4113.5 153.9 138.3 8.2
2009 17627.1 9922.3 867.8 2380.6 4252.1 149.7 150.8 3.6
2010 17386.8 10237.9 802.9 2269.1 3892.5 76.1 96.6 11.7
2011 17759.4 11112.7 814.9 2053.7 3594.8 64.3 99.2 19.8
2012 18427.9 11399.9 832.0 2092.3 3971.1 - 110.9 21.7
2013 19156.4 11883.7 893.7 1986.6 4239.5 - 127.3 25.6
2014 19366.1 11738.3 837.5 2794.0 3855.0 - 104.1 37.2
2015 20288.0 11942.7 898.0 2950.1 4398.8 - 48.3 50.1
Source: Statistical Yearbook of Cuba 2015. National Bureau of Statistics and Information of the Republic of Cuba.
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FINANCIAL INSURANCE
The insurance activity in the country can be car-ried out by public corporations, mutual and state companies, recognizing that the work of insurance entities shall be kept within the bounds of insur-ance and reinsurance operations. The Ministry of Finance and Prices (MFP by its Spanish initials) is the governing body of the insurance activity in the national territory. There is also an Insurance Superintendence, attached to the MFP, which per-forms control and supervision duties.
The most used insurance coverages that are com-mercialized nowadays are: cargo insurance, fire and allied lines insurance, non-maritime civil li-ability insurance, financial insurance, industrial facility insurance, oil and gas insurance, maritime insurance, aviation insurance, agricultural insur-ance, land transport vehicles insurance, various types of civil liability insurance and personal in-surance.
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STRUCTURE OF THE CUBAN BUSINESS SYSTEM
The Cuban business system is un-dergoing a restructuration, in com-pliance with Guideline No. 6 of the Economic and Social Policy of the Party and the Revolution that was passed in the 6th Congress of the Cuban Communist Party, and stip-ulates the separation of the state and business functions.
There are currently 10 014 entities in the country organized as compa-nies, trading companies, coopera-tives and subsidized units.
10 014 entities
COMPANIES TRADINGCOMPANIES
SUBSIDIZEDUNITS
COOPERATIVES
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MAJOR ENTITIES CLASSIFIED ACCORDING TO THEIR FORMS OF ORGANIZATION AND MAIN ACTIVITIES IN 2015
TOTA
L
COM
PAN
IES
TRAD
ING
COM
PAN
IES
COOPERATIVES
SUBS
IDIZ
EDU
NIT
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ITEM TOTA
L
CNO
A
UBP
C
CPA
CCS
TOTAL 10 014 1956 224 5 473 367 1699 897 2 510 2 361
AGRICULTURE, CATTLE RAISING AND SILVICULTURE
5 485 360 1 5 106 - 1 699 897 2 510 18
FISHING 27 25 2 - - - - - -
EXPLOITATION OF MINES AND QUARRIES
24 20 4 - - - - - -
SUGAR INDUSTRY 13 13 - - - - - - -
MANUFACTURING INDUSTRIES (EXCEPT FOR THESUGAR INDUSTRY)
429 336 19 49 49 - - - 25
CONSTRUCTION 243 167 8 61 61 - - - 7
WATER, GAS AND POWER SUPPLY 70 66 - 4 4 - - - -
TRANSPORT, STORAGE AND COMMUNICATIONS
149 96 33 6 6 - - - 14
TRADE; REPAIR OF PERSONAL EFFECTS
571 382 42 131 131 - - - 16
HOTELS AND RESTAURANTS 256 146 15 91 91 - - - 4
FINANCIAL INTERMEDIATION 31 8 23 - - - - - -
BUSINESS SERVICES, REAL ESTATEAND RENTING ACTIVITIES
543 257 64 7 7 - - - 215
CIVIL SERVICE, DEFENSE; SOCIAL SECURITY
702 9 2 - - - - - 691
SCIENCE AND TECHNOLOGICAL INNOVATION
115 24 - - - - - - 91
EDUCATION 296 2 - - - - - - 294
PUBLIC HEALTH AND SOCIAL CARE 501 1 3 - - - - - 497
CULTURE AND SPORTS 379 33 8 - - - - - 338
OTHER PERSONAL, ASSOCIATION AND COMMUNITY SERVICES ACTIVITIES
180 11 - 18 18 - - - 151
Source: 2015 Statistical Yearbook of Cuba. National Statistics and Information Office of the Republic of Cuba (ONEI by its Spanish initials). 1 CNoA: Non--‐agricultural Cooperative, by its Spanish initials. 2 UBPC: Basic Unit of Cooperative Production, by its Spanish initials3 CPA: Agricultural Production Cooperative, by its Spanish initials Unit Trading Cooperatives Subsidized ITEM
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ECONOMIC FRAMEWORK
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STRUCTURE OF THE GROSS DOMESTIC PRODUCT
Source: 2015 Social and Economic Overview of Cuba). National Statistics and Information Office of the Republic of Cuba (ONEI by its Spanish initials)
0 10 20 30 40 50 60 70 80
20152010
Other Services
BasicServices
Assets19%
19.2%
15.9%
16.8%
65.1%
64%
Source: 2015 Social and Economic Overview of Cuba). National Statistics and Information Office of the Republic of Cuba (ONEI by its Spanish initials)
Millions of pesos
GDP per capitaGDP at prices of 1997
Pesos
51 000
56 000
46 000
41 000
36 000
31 000
26 000
21 000
16 000
11 000
6 000
1 000
5 000
5 500
4 500
4 000
3 500
3 000
2 500
2 000
1 500
1 000
2005
2007
2008
2009
2010
2011
2012
2013
2014
2015
6 000
CUBA: GROSS DOMESTIC PRODUCT OF 2015
GROSS DOMESTIC PRODUCT PER TYPE OF ECONOMIC ACTIVITY AT MARKET PRICES
2014 2015 15/14%
AT CONSTANT PRICES OF 1997
GROSS DOMESTIC PRODUCT 52183 54450 104.3
AGRICULTURE, CATTLE RAISING AND SILVICULTURE 1945 2.005 103.1
FISHING 59 65 110.7
EXPLOITATION OF MINES AND QUARRIES 300 302 100.9
SUGAR INDUSTRY 245 287 116.9
MANUFACTURING INDUSTRIES (EXCEPT FOR THE SUGAR INDUSTRY) 6.534 7.181 109.9
CONSTRUCTION 2.883 3.227 111.9
WATER, GAS AND POWER SUPPLY 729 738 101.2
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2014 2015 15/14%
AT CONSTANT PRICES OF 1997
GROSS DOMESTIC PRODUCT 52183 54450 104.3
TRANSPORT, STORAGE AND COMMUNICATIONS 5002 5.181 103.6
TRADE; REPAIR OF PERSONAL EFFECTS 10.158 11.036 108.6
HOTELS AND RESTAURANTS 3.094 3.236 104.6
FINANCIAL INTERMEDIATION 1.339 1.353 101.0
BUSINESS SEVICES, REAL ESTATE AND RENTING ACTIVITIES 1.815 1.884 103.8
CIVIL SERVICE, DEFENSE; SOCIAL SECURITY 1.961 1.889 96.4
SCIENCE AND TECHNOLOGICAL INNOVATION 262 268 102.2
EDUCATION 3.37 3.358 99.6
PUBLIC HEALTH AND SOCIAL CARE 9.095 8.987 98.9
CULTURE AND SPORTS 2.038 2.029 99.6
OTHER PERSONAL, ASSOCIATION AND COMMUNITY SERVICES ACTIVITIES 780 796 102.1
IMPORT DUTIES 575 618 107.5
Source: 2015 Social and Economic Overview of Cuba. National Statistics and Information Office of the Republic of Cuba (ONEI by its Spanish initials).
EXTERNAL SECTOR
Cuba is signatory to and member of the fol-lowing regional and international organiza-tions:
X Bolivarian Alliance for the Peoples of Our America-People’s Trade Treaty (ALBA-TCP by its Spanish initials)
X Community of Latin American and Caribbean States (CELAC by its Spanish initials).
X United Nations Organization and its bodies.
X Latin American Integration Association (LAIA).
X Association of Caribbean States (ACS).
X Economic Commission for Latin America and the Caribbean (ECLAC).
X Organization of Ibero-American States for Education, Science and Culture (OEI by its Spanish initials).
X G-77 plus China.
X World Trade Organization (WTO).
X Non-Alligned Movement (NAM).
X International Telecommunications Union (ITU)
X Caribbean Telecommunications Union (CTU)
X Universal Postal Union (UPU)
X Postal Union of the Americas, Spain and Por-tugal (PUASP)
X Caribbean Postal Union (CPU).
In addition, Cuba maintains diplomatic and con-sular relations with more than 180 countries. It has more than 140 missions in over 120 nations.
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It has signed regional, multilateral and bilat-eral agreements with Latin America and the Caribbean:
1. Regional Agreement (RA No. 6) on Scientific and Technological Cooperation (Framework Agreement) (LAIA).
2. Regional Agreement (RA No. 7) on Cooper-ation and Exchange of Assets in the Cultural, Educational and Scientific Fields (LAIA)
3. Framework Agreement (RA No. 8) for the Pro-motion of Trade by Overcoming the Technical Barriers to Trade (LAIA).
4. Regional Agreement (RA No. 4) related to Re-gional Preferential Tariffs (RPT) (LAIA).
5. Market-Opening Lists with Bolivia (RA No. 1) LAIA
6. Market-Opening Lists with Ecuador (RA No. 2) LAIA
7. Market-Opening Lists with Paraguay (RA No. 3) LAIA
8. Partial Agreement (Ag. No. 2) for the Libera-tion and Expansion of Intraregional Trade in seeds.
9. Cuba-CARICOM Cooperation and Trade Agreement.
10. Partial-Scope Agreement on Mercosur-Cuba Economic Complementarity (ECA No. 62).
Bilateral Economic Complementarity agree-ments (Partial-Scope):
1. ECA No. 40 Cuba-Venezuela.
2. ECA No. 42 Cuba-Chile.
3. ECA No. 46 Cuba-Ecuador.
4. ECA No. 47 Cuba-Bolivia.
5. ECA No. 49 Cuba-Colombia.
6. ECA No. 50 Cuba-Peru.
7. ECA No. 51 Cuba-Mexico.
8. PSA No. 36 Cuba-Guatemala (Article 25 Tm-80).
9. PSA Cuba-Panama (Article 25 Tm-80).
10. PSA Cuba-El Salvador (Article 25 Tm-80).
11. PSA Cuba-Nicaragua (Article 25 Tm-80).
STRUCTURE OF COMMERCIAL EXCHANGE PER REGION IN 2015
Source: Based on 2015 Statistical Yearbook of Cuba.
America
Europe
Africa
Asia
Oceania
60.10%
13.70%0.40%
2.70%
23.10%
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MAIN EXPORT AND IMPORT PRODUCTS
MAIN EXPORT PRODUCTS IN 2014 (VALUE IN THOUSANDS OF PESOS)
2013 2014
TOTAL VALUE OF EXPORTS OF THIS: 5 283 142 4 857 468
FOOD AND LIVE ANIMALS 549367 507848
BEVERAGES AND TOBACCO 398524 321861
RAW MATERIALS AND INEDIBLE, EXCEPT FUELS 795655 827653
OILS, FATS AND WAXES OF ANIMAL AND PLANT 188 55
CHEMICALS AND RELATED PRODUCTS, N.E.P 680960 678679
MANUFACTURED ARTICLES 111903 93856
MACHINERY AND TRANSPORT EQUIPMENT 101044 83848
MISCELLANEOUS MANUFACTURED ARTICLES 33511 16719
Source: Based on the information published in 2015 Statistical Yearbook of Cuba
BOLIVARIAN REPUBLIC OF VENEZUELA
PEOPLE’S REPUBLIC OF CHINA
SPAIN
CANADA
MAIN TRADE PARTNERS
BRAZIL
NETHERLANDS
MEXICO
ITALY
U.S
FEDERAL REPUBLIC OF GERMANY
ALGERIA
VIETNAM
In 2015 Cuba had commercial relations with more than 160 countries. Its main trade partners during that year were the following, appearing in order of significance:
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NUMBER OF IMPORTS PER GROUP OF PRODUCTS IN 2014 (VALUE IN THOUSANDS OF PESOS)
2013 2014
TOTAL VALUE OF IMPORTS OF THIS 14 706 619 13 036 844
FOOD AND LIVE ANIMALS 1848052 1917741
BEVERAGES AND TOBACCO 50436 54786
RAW MATERIALS, INEDIBLE, EXCEPT FUELS 237865 210423
FUELS AND LUBRICANTS, MINERALS AND RELATED PRODUCTS 6343008 …
OILS, FATS AND WAXES OF ANIMAL AND PLANT 119995 147456
CHEMICALS AND RELATED PRODUCTS 1300015 1233839
ARTICLES MANUFACTURED 1502995 1134266
MACHINERY AND TRANSPORT EQUIPMENT 2524865 1978073
MISCELLANEOUS MANUFACTURED ARTICLES 775899 741301
Source: Based on the information published 2015 Statistical Yearbook of Cuba)
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BUSINESS ENVIRONMENT
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ADVANTAGES OF INVESTING IN CUBA
1. Reorganization of the country policies, based on the updating of the economic model; these policies will define a new role for foreign investment and prioritize a more aggressive promotion thereof in the country.
2. A regulatory framework and updated for-eign investment policy with warrantees and incentives for investors.
3. Legal, social and political stability.
4. A highly qualified personnel.
5. A favorable geographic location.
6. Availability of natural resources.
7. Existence of a special development zone with a modern port for ships with a maxi-
BUSINESS OPPORTUNITIES AND SECTORS TARGETED FOR FOREIGN INVESTMENT
Business opportunities in Cuba will be promot-ed through a diverse Portfolio of Opportuni-ties prepared by MINCEX and approved by the Council of Ministers, and published on a yearly basis, which will offer general information on every sector or activity and will provide investors with the key elements of the projects prioritized in the country.
The description of the proposed foreign invest-ment opportunities appearing in the aforemen-tioned Portfolio, according to Article 5 of Decree No. 325 entitled “Foreign Investment Act Regula-tions”, will include information related to:
mum draft of 17,0 m and state-of-the-art technology.
8. Access to maritime transportation by the main international shipping companies.
9. The multilateral and bilateral trade and in-vestment agreements signed by Cuba.
10. Existence of an investment promotion agen-cy (Center for the Promotion of Foreign Trade and Foreign Investment – ProCuba by its Spanish initials), subordinated to the Ministry of Foreign Trade and Investment (MINCEX by its Spanish initials), which has connections and agreements with counterparts.
11. Existence of a Chamber of Commerce that has links with similar organizations from other countries and has carried out invest-ment promotion actions.
12. Existence of embassies and commercial representative offices abroad.
a. Name of the project.
b. Objectives, scope and bases.
c. Identification of the domestic investor and his participation in the business.
d. Foreign investment modality.
e. Term of validity.
f. Estimated investment amount and main profitability indicators.
g. Microlocalization.
h. Current situation of the industry or service to be executed, which requires the incor-poration of foreign capital.
i. Market.
j. Other aspects.
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MARIEL SPECIAL DEVELOPMENT ZONE
In September, 2013, the Mariel Special Develop-ment Zone (MSDZ) was created; it is located to the west of Havana city, at a distance of 45 km and has an area of 465,4 km².
The Zone has very favorable location and logistic conditions, especially after the investment made in the Mariel Port. It constitutes a space in the national territory that is not delimited within the customs boundaries, and in which special pol-icies and regimes are applied, with the goal of promoting sustainable economic development by attracting foreign investment, technological innovation and industrial concentration, with a view to increasing exports, effectively replacing
MSDZ legal system
The foreign investment established in the Zone will be regulated by Decree Law No. 313 “Of the Mariel Special Development Zone”, and its supplementary rules.
Law No. 118 “Foreign Investment Act” and its supplemen-tary rules are also applicable by extension to the foreign investment established in the MSDZ. Without detriment to the above said, the special regimes stipulated in this Law shall be applied to investments when they prove to be of advantage.
According to Article 11.1 of Law No. 118, foreign investment may be authorized in all sectors ex-cept for:
X The health care services for the Cuban popu-lation, excluding their business systems.
X The education services for the Cuban popula-tion, excluding their business systems.
X The armed forces, excluding their business systems.
According to the Constitution of the Republic of Cuba, the press, the radio, the television, the film industry and other mass media following media shall never become private property.
The sectors considered priorities are agriculture and forestry, the pharmaceutical and biotech-nological fields, the food, sugar, light, chemical, electronic, iron, steel, and machine industries, as well as tourism, transportation, health care, construction, energy and mines, and wholesale trade and audiovisual.
imports, and generating new sources of employment, in con-stant articulation with the domestic economy.
Activities and sectors prioritized in the MSDZ:
X Biotechnology, development and production of drugs
X Containers and Packaging
X Industry
X Renewable energy
X Agriculture
X Food industry
X Industry
X Telecommunications and Informatics
X Tourism and Real Estate
X Investments in Infrastructure
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SPECIAL TAX SYSTEM FOR THE MSDZ
Any foreign investor established in the Zone shall pay the
taxes stipulated in Law No. 113 “Of the Tax System” dated
July 23rd, 2012, with the adjustments contained in its
applicable legislation:
PROFIT TAX There is a 10-year exemption from this tax. The Minister of Finance and Prices may extend that period in the cases that
could be of interest for the country. Thereafter, a 12 % tax
rate shall be applied. Investors shall also be exempt from the
tax on re-invested profits.
TAX ON THE USE OF LABOR FORCE All investors are exempt from this tax.
TAX ON SALES AND SERVICES All investors shall be exempt during the first year of operations; thereafter, a 1% tax rate shall be applied.
The international economic association agreements for hotel,
production or services management and the rendering of
professional services shall be exempt from this tax.
CUSTOMS TAX There is an exemption for the means, equipment and goods imported for the investment process in the Zone. The
General Customs of the Republic of Cuba may grant facilities
with regards to the customs formalities required before and
during the entrance of goods in the Zone from abroad.
CONTRIBUTION TO SOCIAL SECURITY A 14 % tax rate shall be applied to the legal entities that use paid labor force.
TERRITORIAL CONTRIBUTION TO LOCAL DEVELOPMENT All investors are exempt from this tax.
INCOME TAX Foreign investors that are natural persons shall be exempt.
ENVIRONMENTAL TAX It shall be paid with a 50% bonus during the investment recovery.
X CONTACT INFORMATION OF THE MSDZ OFFICE
Business Center “Pelicano”, Sector A. Mariel
Special Development Zone, Artemisa. Cuba
Phones: +53 47 390241, +53 47 397360 al 63
Email: [email protected]
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ESTABLISHMENT OF BUSINESSES IN CUBA
economic interests and possibilities, or could also bring a proposal of a specific project not included in the aforementioned Portfolio, fol-lowing the steps listed below.
In order to establish an international econom-ic association, domestic investors must nego-tiate with foreign investors every aspect of the investment, including its economic feasibility, their respective contributions as appropriate, the management and administration form of the as-sociation, as well as the relevant legal documents for its formalization (article 19.1 of Law No. 118).
In the case of a totally foreign capital compa-ny, MINCEX shall indicate the foreign investor the Cuban entity in charge of the branch, sub-branch or economic activity in which he intends to invest, and with which he must analyze his proposal and obtain the relevant written autho-rization (article 19.2 of Law No. 118).
Documents required for the presentation of businesses
The Second Section of Decree No. 325 stipulates the documents required for the presentation to MINCEX of the business proposals involving for-eign investment, according to the different mo-dalities defined by Law No. 118.
Article 12.7 of the said Second Section lists the documents to be submitted by the foreign inves-tor, which are the following:
X Authorized copy of the duly authenticated and registered deeds of incorporation, the business register certificate or a similar doc-ument of his country of origin that proves his standing, issued not earlier than six months ago.
X Financial statements of the last accounting period, certified by an independent entity.
X Bank warrant issued not earlier than six months ago.
X Sponsorship letter of the head office, in case the investor is a branch or subsidiary or is represented by an off shore trading company.
X Certified consent of the management body which expresses their approval of the intend-ed investment.
X Duly authenticated powers of attorney.
X Evidence of his experience in the activity tar-geted for the investment.
X In case of being a natural person, the investor must submit a copy of his identification doc-uments and bank warrant issued not earlier than six months ago.
At the moment of deciding on a foreign invest-ment project that could be of economic interest for Cuba, foreign investors could select the proj-ect included in the Portfolio of Opportunities that would be the most compatible with their
IDENTIFICATION OF PROJECTS OF INTERES
APPROVAL OF BUSINESS
IDENTIFYING PARTNERS
NEGOTIATIONS
BUSINESS PRESENTATION FOR ITS APPROVAL
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The documents proving the incorporation of the company, the certification of its registration in the Market Registry and the powers of attorney must be duly authenticated by the authorities of the country, and the Cuban consular office located in such country, and must be translated into Spanish, in case they have been written in another language.
Levels for business approval
The establishment of foreign investment in Cuba requires case-by-case authorization. The approval is given according to the sector, the modality and the characteristics of the foreign investment, by the following State bodies, in compliance with the provisions of Chapter VIII, Articles 21.1, 21.2, 21.3, and 21.4 of Law No. 118:
Council of State: it approves foreign invest-ment, whichever its modality, in the following cases:
a. When non-renewable natural resources are prospected or exploited, except in the case of international economic associa-tion risk agreements that are approved and authorized by the Council of Minis-ters; and
b. When foreign investment is aimed at the management of public services, such as transportation, communications, aqueducts, and electricity, the construction of a public work or the exploitation of a public good.
Once the foreign investment has been approved by the Council of State, in the aforementioned cases, the Council of Ministers will issue its Authorization.
Council of Ministers: it approves and issues the Authorization for foreign investment, in the cas-es described below:
a. Real estate developments;
b. Totally foreign capital companies;
c. The transfer of State ownership or other property rights over State goods;
d. International economic association risk agreements for the exploitation and pro-duction of non renewable natural resources;
e. A foreign company working with public capital;
f. The use of renewable sources of energy;
g. The business system of the health and ed-ucation sectors and the armed forces; and
h. Other foreign investments that do not re-quire approval by the Council of State.
In the last two cases, the authorization shall be issued within a term of 60 calendar days, count-ed as of the date of submission of the applica-tion and it shall be notified to the applicants.
Head of the State Central Administration en-tities: In this case the decision shall be issued within a term of 45 calendar days as of the ap-proval of the application.
The Minister of Foreign Trade and Investment will approve all the International Economic As-sociation Contracts for production and services management, as well as the rendering of pro-fessional services.
The Minister of Tourism will approve the Inter-national Economic Association Contracts for ho-tel management businesses.
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INCENTIVES AND WARRANTS FOR INVESTORS
Chapter III of Law No.118 stipulates the following:
X Foreign investments shall enjoy protection and security and can not be expropriated, unless such action is executed for reasons of public or social interest, in accordance with the Constitution, the international treaties signed by Cuba and the legislation in force, with appropriate compensation for their commercial value established by mu-tual agreement.
X The State shall guarantee the free transfer abroad, in freely convertible currency, free from taxes or any other fees, of the divi-dends or profits obtained by the foreign investor.
X Foreign investments in the country shall be protected against legal claims by third par-ties or the extraterritorial implementation of other states’ laws, according to the Cuban laws and the rulings issued by Cuban courts.
X The foreign investor can sell or transfer his rights to the State, the parties of the eco-nomic association or to a third party, pro-vided this is previously authorized by the government.
X Foreign investment shall be subject to the special tax regime established in the Act until the deadline for this special tax re-gime is due.
X The Cuban state shall guarantee that the benefits granted to foreign investors and their investments are maintained during the whole period for which they were granted.
X The term of the authorization granted for the development of operations may be ex-tended by the very authority that granted it, provided that such extension is request-ed by the parties concerned before the set deadline expires.
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LEGAL FRAMEWORK
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LAW NO. 118 “FOREIGN INVESTMENT ACT”
The investment of foreign capital is governed by Law No. 118 “Foreign Investment Act” dated March 29th, 2014, and enforced on June 28th of the same year.
The legal framework, which includes supple-mentary rules of the Law, was published in the Official Gazette No. 20, Special Issue, on April 16th, 2014. It includes Decree Law No. 325/2014 of the Council of Ministers, Resolutions No. 46 and No. 47 of 2014 issued by Banco Central de Cuba (Central Bank of Cuba-BCC by its Spanish initials), Resolution No. 16 of 2014 issued by the Ministry of Work and Social Security (MTSS by its
MOST IMPORTANT LEGAL DEFINITIONS
MODALITIES OF FOREIGN INVESTMENT
Foreign investment, according to Article 12 of Law No. 118 can be defined as:
a. Direct investment, in which the foreign investor participates as a shareholder in a joint venture or in a totally foreign capital company; or makes contribu-tions to international economic asso-ciation agreements, thus participating, in an effective manner, in the manage-ment of the business; and
b. Investments in equities or other secu-rities or bonds, either public or private, which do not fit the definition of direct investment.
In addition, foreign investment according to Article 13.1 of the Law shall adopt one of the modalities appearing below, according to the definitions included in Article No. 2:
Spanish initials), as well as resolutions No. 128 and No. 129 of 2014 issued by the Ministry of Foreign Trade and Investment (MINCEX).
On May 24th, 2014, Agreement No. 7567 of the Council of Ministers was adopted. Such agreement delegates to the ministers of Foreign Trade and Investment, and Tourism, the duties of approving and authorizing the international economic association agreements aimed at the management of production and services, and the rendering of professional services; and the hotel management agreements respectively.
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Foreign Investment
Capital input by foreign investors in any of the modalities established in this Act which involves, during the autho-rized term, the undertaking of risks in business, the expectations of obtaining profits and a contribution to the devel-opment of the country.
Foreign investor
A natural person or legal entity with foreign domicile and capital which participates as a shareholder in a joint venture or a totally foreign cap-ital company, or that is a party to an international economic association agreement.
National Investor
A Cuban legal entity domiciled in the national territory of Cuba which par-ticipates as a shareholder in a joint venture, or is a party to an interna-tional economic association agree-ment.
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Joint venture
Cuban trading company which adopts the form of a corporation with registered shares in which one or more national investors and one or more foreign investors participate as shareholders. (In Article 14 and its items in the Second Section of Chapter IV of Law No. 118, the main aspects regarding this modality are presented).
The establishment of a joint venture shall require the drafting of a public deed as an essential condition for its validity. The Articles of Association (which will include the provisions related to the organization and operation of the company) as well as the Authorization and the association agreement will also be attached to it. The joint venture will acquire legal personality upon being registered in the Market Registry.
Joint ventures may establish offices, representations, branch offices and subsidiaries both within the national territory of Cuba and abroad, and participate in entities abroad.
International Economic
Association Agreement
An agreement between one or more national investors and one or more foreign investors for the realization of activities fitting an international economic association even without this being a legal entity distinct from that of the parties. (In Article 15 and its items in the Third Section of Chapter IV of Law No. 118, the main aspects regarding this modality are presented).
According to article 13.2 of Law No. 118, international economic association agreements include, among others, the risk contracts for the exploration of nonrenewable natural resources, construction, agricultural production, and hotel, production or services management and the contracts for the provision of professional services.
Totally Foreign Capital Company
trading entity with foreign capital without the involvement of any national investor or natural person with foreign capital.(In Article 16 and its items in the Fourth Section of Chapter IV of Law No. 118, the main aspects regarding this modality are presented).
In this modality, the foreign investor shall manage the company, enjoy all the rights thereof and be liable for all the obligations established in the Authorization. In addition, upon the company’s registration in the Market Registry, foreign investors shall be able to settle within the national territory of Cuba:a) As natural persons, acting on their own behalf; b) As legal entities, by setting up a Cuban subsidiary office of the foreign entity they own, by means of a public deed, in
the form of a corporation with registered shares; or c) As legal entities, by establishing a branch of a foreign entity.
A totally foreign capital company incorporated as a subsidiary shall be able to set up offices, representations, branches and subsidiaries both within the national territory of Cuba and abroad, and have interests in entities abroad.
Although with regards to joint ventures and totally foreign capital companies, Law No. 118 stipulates that they shall be able to set up branches within the national territory of Cuba, the purpose of such entities would be to carry out the business activities for which they have received authorization, so they must not be mistaken for other kind of branches created in the Republic of Cuba, under Decree No. 206 of April 10th, 1996. Such Decree enforced the Regulations of the National Registry of Branches and Agents of Foreign Trading Companies, which stipulate in their Article 26 that the registration in the said Registry implies an authorization to engage in commercial activities related to the sector of the trading company or business person in question, in compliance with the license issued in each case, which forbids the execution of the following activities:a) to import and export directly, with commercial purposes;b) to engage in the wholesale and retail trade of goods and services, except the after-sales and warranty services, spe-
cifically agreed upon in the contracts that allow foreign trade operations; andc) to distribute and transport goods within the national territory.
These conditions open the way for cooperatives, both agricultural and nonagricultural to be regarded as national investors on account of their status as legal entities.
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CONTRIBUTIONS AND THEIR VALUATION
The following are considered foreign capital contributions:
a. Financial contributions in freely convert-ible currency;
b. Machinery, equipment, or other tangible goods;
c. Intellectual property rights and other rights over intangible goods;
d. Property rights over movable and immovable goods and other property rights thereon, in-cluding usufruct and surface rights; and
e. Other goods and rights.
BANKING REGIMEN
Article 25.1 of Chapter IX of the Foreign Invest-ment Act stipulates that joint ventures, nation-al investors and foreign investors, which are parties to international economic association agreements, and totally foreign capital compa-nies, shall be entitled to open bank accounts in any bank of the National Banking System, through which they shall receive and make payments related to their operations, according to the monetary regime in force. Likewise they shall also be entitled to access the services of-fered by the financial institutions established in the country.
According to Article 25.2 of Law 118, joint ven-tures and national investors which are parties to international economic association agreements shall be entitled to open and operate accounts in freely convertible currency in banks estab-lished abroad, with the previous consent of Banco Central de Cuba and in conformity with the regulations in force. Likewise, they shall be entitled to engage in lending operations with foreign financial institutions in accordance with the relevant regulations in force.
On the other hand, Resolution No. 46/2014 of Banco Central de Cuba stipulates that natural persons or legal entities, once the investment has been approved, shall request in a bank au-thorized to operate in the national territory by
Banco Central de Cuba, the opening of a de-mand deposit account intended to receive funds in Cuban pesos or freely convertible currency during the institutionalization period. Once the company has been incorporated or the inter-national economic association agreement has been formalized, it will be possible to transfer the funds to the current account of the newly established company, or of the parties to the international economic association agreement.
According to the provisions of Law No. 118, businesses shall operate in compliance with the monetary regime in force, that is to say, in freely convertible currency (MLC by its Spanish initials) and in convertible pesos (CUC). Never-theless, Law No. 118 includes several tempo-rary provisions referring to monetary aspects, which read as follows:
FOURTH: Joint ventures, parties to international economic association agreements and totally foreign capital companies, may exceptionally be authorized by the Council of Ministers to make and receive certain payments in Cuban pesos.
FIFTH: In order to make a payment in Cuban pesos, as established in Article 30, item 4 (pay-ment to the Cuban and foreign staff with per-manent residence in the Republic of Cuba),
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such amounts should be previously obtained in Cuba convertible pesos.
SIXTH: The payment of taxes and other collectable customs fees by investors shall be made in Cuban convertible pesos, even in those cases in which the amounts are expressed in Cuban pesos.
SEVENTH: The aforementioned Fourth, Fifth and Sixth provisions shall remain valid until the monetary unification is established in the coun-try, after which the obligors under this Act shall be governed by the rules established for this purpose.
EXPORT - IMPORT REGIMEN
Article 26.1 of Chapter X of Law No. 118 corrob-orates that all forms of investment shall be en-titled to import and export directly whatever is needed for their operation, in accordance with the relevant provisions established. The com-mercial registration shall be carried out through MINCEX, which will approve the code for the products that the company is authorized to im-port and export directly. Nevertheless, the acqui-sition of goods and services in the national mar-ket will be encouraged, provided that the said goods and services meet the conditions of the international market.
For the execution of these activities, it will be necessary to take into account the content of
Resolution No. 50/2014 of MINCEX, which ap-proves the “General Regulations on the Export and Import Activities” aimed at defining the prin-ciples and basic standards that are mandatory for the entities authorized to engage in the import and export of goods.
Article 2 of this Resolution establishes that, for the purposes of the aforementioned Regula-tions, the term “entities” shall apply to those in-stitutions that engage in the import and export of products, and are registered in the National Registry of Exporters and Importers, attached to the Chamber of Commerce of the Republic of Cuba, excluding totally foreign capital com-panies.
LABOR AND SOCIAL SECURITY REGIMEN
This aspect is regulated in Law No. 118 and Resolution No. 16/2014 of the Minister of Work and Social Security, entitled “Regula-tions on the Labor System under Foreign In-vestment”, in compliance with the provisions of the Labor Code and its supplementary leg-islation, with the adjustments established by the Foreign Investment Act and the specific legal provisions.
The workers shall be, as a rule, Cuban or foreign citizens permanently residing in the Republic of Cuba.
The Cuban or the foreign staff with permanent residence in the Republic of Cuba, with the ex-ception of the members of their management board or administration, shall be hired by an employing entity.
The employing entity shall negotiate a labor force supply contract with the joint venture or the totally foreign capital company.
Payments to Cuban and foreign workers resid-ing permanently in the Republic of Cuba shall be effected in Cuban pesos.
Cuban or foreign workers residing permanent-ly in the Republic of Cuba, who may be work-ing for the parties to international economic
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association agreements, shall be hired by the Cuban investor.
Nevertheless, the management and administrative bodies of joint ventures or totally foreign capital companies or the parties to international econom-ic association agreements shall be entitled to de-termine that certain top administrative positions or some posts of a technical nature, should be filled
by persons who are not permanent residents in the country and, in those cases, they shall be able to determine the labor conditions to be applied and the rights and obligations of those workers.
The non-permanent residents in the country who are hired shall be subject to the immi-gration and alien citizens’ laws in force in the country and shall obtain a work permit.
SPECIAL TAX REGIMEN
Joint ventures and foreign and national inves-tors, which are parties to international economic association agreements, shall, for the fulfillment of their tax obligations and their rights as taxpay-ers, abide by Tax Law No. 113 of July 23rd, 2012, published in the Official Gazette No. 53, Regular Issue, on November 21st, 2012, including the adjustments indicated as part of the Special Tax System in Chapter XII of Law No. 118 “Foreign Investment Act”, which stipulates the following facilities, among other aspects:
X Foreign investors shall be exempt from paying personal income taxes for the business divi-dends or profits.
X The profit tax shall be paid by applying a 15 % tax rate on the net taxable profit.
X Investors shall be exempt from paying profit taxes for a period of eight years as from the date of their incorporation.
X Investors shall be exempt from paying prof-it taxes when the reinvestment of net profits and other benefits is authorized.
X There shall be 50% discount on the tax rate applicable to the tax on wholesales and ser-vices. There shall also be an exemption from paying this tax during the first year of opera-tions.
X Investors shall be exempt from paying taxes on the use of labor force.
X Investors shall be exempt from paying cus-toms duties for the import of equipment, ma-chinery and other means during the invest-ment process.
Totally foreign capital companies shall be re-quired, for as long as they remain operation-al, to pay taxes under the law in force, with-out prejudice to the tax benefits that are to be established by the Ministry of Finance and Prices, provided that this be of interest to the country.
Law No. 113 of the Tax System, (Tax Law No. 113 of July 23rd, 2012), published in the Offi-cial Gazette No. 53, Regular Issue, on November 21st, 2012, which establishes the following tax-es, contributions and rates:
Taxes
1. On personal income
2. On profits
3. On sales
4. Special tax on goods and services
5. On services
6. On the ownership of houses and vacant lots
7. On the ownership or possession of agricul-tural land
8. On idle agricultural and forest land
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9. On land transportation
10. On the ownership or possession of ships
11. On the transfer of property and inheritance
12. On documents
13. On the use of labor force
14. On the use or exploitation of beaches
15. On the approved dumping of waste in drainage basins
16. On the use or exploitation of bays
17. On the use and exploitation of forest re-sources and wild fauna
18. On the right to use terrestrial water
19. Customs duties
Contributions
1. To social security
2. Special contribution to social security
3. Territorial contribution to local development
Tax rates
1. On toll
2. On airport services for passengers
3. On the establishment of ads and advertising
CONFLICT RESOLUTION REGIMEN
The conflicts which may arise in the relationship between the partners of a joint venture or between national and foreign investors, which are parties to international economic association agreements, or between the partners of a totally foreign cap-ital company in the form of a limited corporation with registered shares, shall be resolved as agreed in the constituent documents, except in the cases referred to in Chapter XVII of the Foreign Invest-ment Act which shall be resolved by the Economic Division of the relevant People’s Provincial Court.
Cuba has one of the most experienced arbitra-tion courts in the Latin American region: the Cuban Court of International Commercial Arbi-tration, attached to the Chamber of Commerce of the Republic of Cuba, and previously known as the Foreign Trade Arbitration Court. The rules that govern the arbitration activity in Cuba are currently contained in Decree Law No. 250 of July 30th, 2007 and in a group of supplementary resolutions, issued by the president of the Cham-ber of Commerce of the Republic of Cuba.
RESERVES AND INSURANCE
Foreign investment is bound to create a reserve, taken from its profits, that might be used to cope with any contingencies that may arise during its operations. In addition, foreign investors may establish reserves on a voluntary basis.
Foreign investors shall be required to obtain insurance for all kinds of goods and responsi-bilities. Cuban insurance companies shall be entitled to be a first option on the basis of inter-national competitive conditions.
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REGISTRATION REGIMEN IN THE BUSINESS REGISTRY
Before starting operations, joint ventures and foreign and national investors, who are parties to international economic association agree-ments, and totally foreign capital companies, shall have a term of thirty calendar days as from
the date of notification of the Authorization for the submission of all the necessary public no-tarial deeds; and within the next thirty days fol-lowing this act, the deeds shall be entered in the Business Register.
FINANCIAL INFORMATION REGIMEN
Joint ventures and foreign and national investors, who are parties to international economic associ-ation agreements, and totally foreign capital com-panies, shall be bound to comply with the Cuban Standards on Financial Information issued by the Ministry of Finance and Prices. They shall submit to the Ministry of Foreign Trade and Investment an annual report of their operations as well as any other information required, in accordance with the Regulations of Law No. 118 of 2014.
The submission of the annual report referred to above shall be independent from the afore-mentioned subjects obligation to provide infor-mation to the Ministry of Finance and Prices, the corresponding tax authority, the National Statistics and Information Office, as well as the information required by the methodological and control standards of the National Economic Plan.
ENVIRONMENTAL AND TECHNOLOGICAL REGULATIONS
Foreign investment shall be encouraged, and au-thorized and shall operate in the context of the country’s sustainable development, which means that, throughout all its stages, special attention will be given to the introduction of technology, the protection of the environment and the rational use of natural resources, as stipulated in Chapter XV of the Foreign Investment Act.
MINCEX shall submit all the investment propos-als received to the consideration of the Ministry of Science, Technology and Environment (CITMA by its Spanish initials), which shall analyze their environmental and technological feasibility and
suitability and decide whether or not an environ-mental impact assessment is required. It shall likewise decide on the advisability of granting the appropriate licenses and the applicable con-trol and inspection system, in accordance with the legislation in force. It shall also analyze the negative aspects concerning standardization, metrology and quality.
CITMA shall dictate the measures required to give adequate solution to situations leading to tech-nological risk and environmental damage, danger or risk and to promote the rational use of natural resources.
The investments, depending on their technologi-cal complexity and characteristics, shall be subject to a Comprehensive Technological Evaluation and according to their relevance, to the application for
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the relevant Technological License. The use of the License will allow the introduction of important variables and indicators for the appropriate selec-tion and evaluation of the technology used in the processes related to the investments in works or
activities executed in the national territory by state and non-state legal entities, totally Cuban capital trading companies, joint ventures, the parties to international economic association agreements and totally foreign capital companies.
PROTECTION OF INTELLECTUAL PROPERTY
The Cuban Industrial Property Office (OCPI by its Spanish initials), belonging to CITMA, is the gov-erning entity that grants and registers industrial property rights in favor of natural persons or legal entities, whether national or foreign.
The foreign persons with interest in submitting applications for the protection of any modality of Industrial Property in Cuba, must be represented by official Industrial Property agents accredited in Cuba, taking into account whether they have a real and effective domicile or commercial or industrial establishment in Cuba, in compliance with the re-quirements established in the legislation in force.
There are several specialized law firms in the country where the services of official agents can be requested.
The current legislation referring to Industrial Prop-erty may be consulted on the web site of the
OCPI (http://www.ocpi.cu). The main laws are:
X Decree Law No. 203/99 on Trademarks and Other Distinctive Features, whose purpose is the protection of trademarks, commercial names, entrepreneurial logos, establishment signs and commercial slogans in the Republic of Cuba, by granting Industrial Property rights.
X Decree Law No. 228/02 on Geographic In-dications, which regulates the protection of geographic indications as objects of Industrial Property rights.
According to article 58 of Law No. 118, the rights over the revenues obtained in whichever mo-dality of foreign investment, subject to Intellec-tual Property protection, are regulated by the agreements contained in the constitutive doc-uments, in compliance with the relevant legis-lation in force.
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WORKING SCHEDULE
The working day lasts a minimum of eight hours for five days a week. On some days of the week, there may be an additional hour of work, provid-ed that it does not exceed the weekly working time limit of 44 hours.
The stores are generally opened from 9:00 a.m. to 6:00 p.m., Monday through Saturday, and from 9:00 a.m. to 1:00 p.m. on Sunday.
NATIONAL COMMEMORATIONS
9:00a.m.
6:00p.m.
STORES
Anniversary of the Triumph
of the Revolution
JANUARY
01International Workers’ Day
MAY
01National
Rebellion Day
JULY
26Beginning
of the Independence Wars
OCTOBER
10
PUBLIC HOLIDAYS
JANUARY JULY
26/27DECEMBER
25/31In addition,
the Good Friday of every year
is a paid holiday02
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ENTITIES PROVIDING ASSISTANCE TO INVESTORS
CENTER FOR THE PROMOTION OF FOREIGN TRADE AND FOREIGN INVESTMENT (PROCUBA)Calle 10 no. 512 e/ 31 y 5ta. Ave., Playa, La Habana, Cuba
Tel.: (53 7) 214 4345 / 214 4340
E-mail: [email protected]
Web site: http://www.procuba.cu
Opening hours: from 8:30am to 4:00pm
CÁMARA DE COMERCIODE LA REPÚBLICA DE CUBA
CHAMBER OF COMMERCE OF THE REPUBLIC OF CUBA (CCRC BY ITS SPANISH INITIALS)Calle 21 no. 661 esq. a calle A, El Vedado, La Habana, Cuba
Tel.: (53 7) 838 1321 / 837 1322 / 838 1452
E-mail: [email protected]
Web site: http://www.camaracuba.cu
Opening hours: from 8:30am to 4:00pm
MIGRATORY FORMALITIES
Those who want to do business in Cuba need the A-7 visa for Business Explorers, in case of not hav-ing previous commercial relations with the coun-try, and the D-7 visa for Traders, which are issued by the relevant Cuban consulate located in their countries of origin. Otherwise, no commercial ac-tivity can be carried out. Foreigners and people with no citizenship may apply for the change of
REGISTRATION AND AUTHENTICATION OF DOCUMENTS
the migration classification they have in the na-tional territory.
The category of real estate resident must be in compliance with what is stipulated in the Law of Migrations and its Regulations, and Resolution No. 4/2014 of the Ministry of interior “Proceed-ings for the admittance requests approval for foreigners and people without citizenship as Real Estate Residents and the conditions established for their staying within the national territory”.
In order to take legal effects in Cuba, all the economic and legal documentation must be au-thenticated by the various entities of the coun-try concerned, its Ministry of Foreign Affairs and the consular office of the Cuban Embassy in the country of origin of the business person. Later the documents must be authenticated in Cuba by the Ministry of Foreign Affairs (MINREX by its Spanish initials) and registered before a Notary Public in the notarial offices attached to the Legal Services and Civil Societies, the International Law Firm, CONABI and the International Legal Con-sultancy, as well as the Special Notarial Office of the Ministry of Justice (MINJUS by its Spanish ini-tials), for which the relevant fees shall be applied.
ProCubaCentro para la Promocióndel Comercio Exterior y la Inversión Extranjera
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RENTING AND PURCHASE OF BUILDINGS
In order to purchase a property in Cuba, foreign business people must go to the real estate companies authorized to provide building leasing services, with the purpose of using the prop-erties either as offices or as houses. Some of the real estate companies that provide this service are listed below:
INMOBILIARIA PALCO Calle 1ra. y 34 no. 3402, Miramar, Playa, La Habana, CubaTel.: (53 7) 204 7054 / 204 4124 / 204 2975 / 204 3625
INMOBILIARIA CIMEX, S.A. Calle 7ma. esq. a 14, Miramar, Playa, La Habana, CubaTel.: (53 7) 204 5005 / 204 6717
INMOBILIARIA COSTA HABANA, S.A. Ave.5ta. no. 9805 esq. a98, Playa, La Habana, CubaTel.: (53 7) 2045157
AZUL INMOBILIARIA Calle D no. 8 e/ 1ra. y 3ra., Edif. Atlantic, El Vedado, La Habana, CubaTel.: (53 7) 836 7690 / 836 8286
REAL INMOBILIARIA, S.A. Calle 3ra. no. 3407 esq. a 36, Miramar, Playa, La Habana, CubaTel.: (53 7) 204 9871 al 73
AUREA INMOBILIARIA Lamparilla no.2, piso 1,oficina A, Lonja del Comercio,La Habana Vieja, La Habana, Cuba
Tel.: (53 7) 8669587 ext.104
FÉNIX, S.A. (OFICINA DEL HISTORIADOR)
Ave.de Bélgica no. 261 esq. a S.J.de Dios, Edif. Bacardí, La HabanaVieja, La
Habana, Cuba
Tel.: (53 7) 8620598
GÓMEZ VILA Brasil no. 19, La Habana Vieja, La Habana, CubaTel.: (53 7) 8608216
INMOBILIARIA SIBONEY PALCO Ave. 5ta. A no. 4207 esq. a44, Miramar, La Habana, CubaTel.: (53 7) 2042096
INMOBILIARIA CUBANA, S.A. Ave.3ra. esq. a 78, Miramar, La Habana, CubaTel.: (53 7) 2043736
INMOBILIARIA SIBONEY PALCO Calle 1ra.no. 3402 e/ 34 y 36, Miramar, La Habana, CubaTel.: (53 7) 2042068
INMOBILIARIA MONTE BARRETO, S.A.
Ave.3ra. esq. a 78, Playa, La Habana, Cuba
Tel.: (53 7) 2047514/2048201
SERENISSIMA INMOBILIARIA, S.A. Ave.7ma. no. 1805 e/ 18 y 20, Playa, La Habana, CubaTel.: (53 7) 2040894
CENTRO DE NEGOCIOS MIRAMAR Ave. 5ta. e/76 y 78, Miramar, La Habana, Cuba
CENTRO DE NEGOCIOS PUERTO HABANA
Fábrica no. 45 e/ Aspuru y Línea del Ferrocarril,Luyanó, La Habana, Cuba
Tel.: (53 7) 6902356
CENTRO DE NEGOCIOS ASOCIACIÓN ECONOMICA INTERNACIONAL
Desamparados no.166 e/ Habana y Compostela, La Habana Vieja, La Habana,
Cuba. Tel.: (53 7) 8663149/8615862
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CENTRO DE NEGOCIOS HOTEL COMODORO
Calle 84 esq. a Ave. 3ra., Miramar, La Habana, Cuba
Tel.: (53 7) 2040319
MARINA HEMINGWAY Ave. 5ta. esq. a 248, Santa Fe, La Habana, CubaTel.: (53 7) 2097203/2097910
EDIFICIO SIMONA Calle 190 no. 103 esq. a 17, Siboney, La Habana, CubaTel.: (53 7) 2729878/2729975
EDIFICIO RESIDENCIAL SEVILLA Calle 36 no. 320 e/ 3ra. y 5ta., Miramar, La Habana, CubaTel.: (53 7) 2043420
INMOBILIARIA CARIBE, S.A. Ave. 5ta. esq. a 8, Miramar, Playa, La Habana, CubaTel.: (53 7) 204 5983 - 84/ 2045987
EDIF. SEVILLAAve. 5ta. y 36, Miramar, Playa, La Habana, Cuba
EDIF. RAFAELO Ave. 5ta. y 80, Miramar, Playa, La Habana, Cuba
JARDINES DE 5TA.Ave. 5ta. y 112, Miramar, Playa, La Habana, Cuba
RESIDENCIAL FLORESAve. 5ta. e/ 174 y 176, Miramar, Playa, La Habana, Cuba
MAIN PUBLIC SERVICES
Cuba provides various public services to foreigners, namely:
Health
For foreign residents or visitors that may need it, there are hospitals that render services in convertible pesos (CUC) or provide
mandatory medical insurance coverage since May 1st, 2010. The insurance coverage may be obtained directly through the
Asistur Company (http://www.asistur.cu/).
CIMEQ HOSPITAL Calle 216 y 11 B, Reparto Siboney, Playa, La Habana, 12100, CubaTel.: (53 7) 858 1000
Web site: http://www.sld.cu/sitios/cimeq
CIRA GARCÍA CENTRAL CLINIC Calle 20 no. 4101 esq. a Ave. 41, Miramar, La Habana, CubaTel.: (53 7) 204 2640
Web site: http://www.cirag.cu
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Mobile telephony
Foreigners that come to Cuba have the alternative of activating a mobile telephone line under a temporary prepayment contract
for users (for an extendable term of 45 calendar days). Renting the line costs 3.00 CUC per day plus another 6.00 CUC per day
for the rent of the mobile (this is optional since, in case of having a phone, the device must have GSM technology of 900 MHz
and must be unblocked). Once the line has been activated, users must recharge the credit balance for the first time by paying a
minimum of 10.00 CUC. For further information, see the web site: http://www.etecsa.cu.
Education
In Cuba there are several schools for foreigners, such as:
SPANISH EDUCATIONAL CENTER OF HAVANA
Ave. 5ta. B no. 6615 e/ 66 y 70, Playa, La Habana, Cuba
Tel.: (53 7) 204 2150
SCHOOL OF THE RUSSIAN FEDERATION EMBASSY
Calle 33 esq. a 18, Miramar, Playa, La Habana, Cuba
Tel.: (53 7) 204 1680
INTERNATIONAL SCHOOL OF HAVANA
Calle 18 no. 315 e/ 3ra. y 5ta., Miramar, Playa, La Habana, Cuba
Tel.: (53 7) 204 2818
ALEJO CARPENTIER FRENCH SCHOOL OF HAVANA
Calle 15 e/ 180 7 182, Siboney, La Habana, Cuba
Tel.: (53 7) 273 6264
LANGUAGE AND COMPUTER SCIENCE CENTER FOR FOREIGNERS (CICE BY ITS SPANISH INITIALS)
Calle 90 no. 531, Playa, La Habana, Cuba
Tel.: (53 7) 202 9338
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HOTELS
For those coming for work purposes, the following hotels are recommended:
HOTEL MELIÁ COHIBA Paseo e/ 1ra. y 3ra., El Vedado, La Habana, CubaTel.: (53 7) 833 3636
Fax: (53 7) 834 4555
E-mail: [email protected]
HOTEL MELIÁ HABANA Ave. 3ra. e/ 76 y 80, Miramar, Playa, La Habana, CubaTel.: (53 7) 204 8500
Fax: (53 7) 204 3902
E-mail: [email protected]
IBEROESTAR PARQUE CENTRAL Neptuno e/ Prado y Zulueta, La Habana Vieja, La Habana, CubaTel.: (53 7) 860 6628 / 860 6627
E-mail: [email protected]
HOTEL NACIONAL DE CUBA Calle O y 21, El Vedado, La Habana, CubaTel.: (53 7) 836 3564 / 873 3564
HOTEL FOUR POINTS BY SHERATON HAVANA
Ave. 5ta. A e/ 76 y 80, Playa, La Habana, Cuba
Tel.: (53 7) 214 1470
HOTEL HABANA LIBRE Calle L e/ 23 y 25, El Vedado, La Habana, CubaTel.: (53 7) 834 6100 / 834 4011
HOTEL CAPRI NH Calle 21 no. 8 e/ N y O, El Vedado, La Habana, CubaTel.: (53 7) 839 7258 / 839 7200
HOTEL MEMORIES MIRAMAR HABANA
Ave. 5ta. y 72, Miramar, Playa, La Habana, Cuba
Tel.: (53 7) 204 3584
Fax: (53 7) 204 3583
HOTEL PANORAMA H10 Ave. 3ra. y 70, Playa, La Habana, CubaTel.: (537) 204 0100
For further information, see the website of the Ministry of Tourism (MINTUR by its Spanish initials): http://www.cubatravel.cu
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TAXI COMPANIES
CUBATAXI Tel.: (53 7) 863 7574 / 863 7583E-mail: [email protected]
FÉNIX Tel.: (53 7) 866 6666
CAR RENTALS
TRANSTUR Web site: http://www.transtur.cu
CUBACAR Tel.: (53 7) 649 9800 / 649 0255 / 649 5546
HAVANAUTOS Tel.: (53 7) 649 5215 / 265 3713
REX Tel.: (53 7) 835 6830Web site: http://www.rex.cu
RENT A CAR VÍA Tel.: (537) 206 9935Web site: http://www.gaviota-grupo.com
INSURANCE COMPANIES
The business organizations engaged in the insurance activity
are the following:
X Seguros Internacionales de Cuba, S.A. (ESICUBA).
X Empresa Estatal Nacional (ESEN).
X Aseguradora del Turismo, S.A. (La Isla, S.A).
Insurance mediation is carried out by a network of insurance
agents, including:
X Natural persons.
X Banco Popular de Ahorro (People’s Saving Bank)
X Compañía de Asistencia al Turista (ASISTUR, S.A.).
X Grupo Nueva Banca.
X Banco de Crédito y Comercio (Credit and Trade Bank).
There are also entities that render insurance-related services,
such as:
X INTERMAR, S.A.
X ASISTUR, S.A.
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BANKS
BANCO CENTRAL DE CUBA (CENTRAL BANK OF CUBA) Governing body of the Cuban State’s credit and monetary policy; all its provisions are mandatory for the companies operating in the national territory
(http://www.bc.gob.cu). It comprises:
Nine commercial banks:
X Banco Nacional de Cuba
X Banco Popular de Ahorro
X Banco de Inversiones, S.A.
X Banco Metropolitano, S.A.
X Banco Internacional de Comercio, S.A.
X Banco Financiero Internacional, S.A.
X Banco de Crédito y Comercio
X Banco Exterior de Cuba
X Banco Industrial de Venezuela-Cuba, S.A.
Fifteen non-banking financial institutions:
X Grupo Nueva Banca, S.A.
X Compañía Fiduciaria, S.A.
X Rafin, S.A.
X Fimel, S.A.
X Cadeca, S.A.
X Corporación Financiera Habana, S.A.
X Fincimex, S.A.
X Finatur, S.A.
X Financiera Iberoamericana, S.A.
X Compañía Financiera, S.A.
X Arcaz, S.A.
X Fintur, S.A.
X Gilmar Projet, S.A.
X Servicios de Pago Red, S.A.
X Finexim, S.A.
Ten representative offices of foreign banks in Cuba:
X HAVin BANK, LTD.
X National Bank of Canada
X Banco Bilbao Vizcaya Argentaria, S.A.
X Banco Sabadell, S.A.
X Societé Genéralé
X Fransabank SAL
X Bankia, S.A.
X Republic Bank Limited
X BPCE International et Outre-Mer (BPCR IOM)
X Banco the Nova Scotia (Scotiabank)
Three representative offices of non-banking financial institutions:
X Fincomex, Ltd.
X Novafin Financiera. S.A.
X Caribbean Tulip Finance Inc-Oficina de Representacion
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BANCO NACIONAL DE CUBA (NATIONAL BANK OF CUBA)
It has the duties of a commercial bank; it keeps record of and controls the
foreign debt of the Cuban State
BANCO FINANCIERO INTERNACIONAL, S.A. (INTERNATIONAL FINANCIAL BANK)
It is a non-state-owned bank in charge of the bank operations of the Cuban
economy in freely convertible currency
BANCO POPULAR DE AHORRO (PEOPLE’S SAVINGS BANK)
it is devoted to collecting the financial resources of the population and giving
them loans. It can carry out any kind of transaction
BANCO DE CRÉDITO Y COMERCIO (CREDIT AND TRADE BANK)
It is state-owned and carries out the duties of a commercial bank.
COMMERCIAL EVENTS AND FAIRS
In order to obtain information about fairs, events and exhibits
to be held in Cuba, please contact:
X Chamber of Commerce of the Republic of Cuba – CCRC
(www.camaracuba.cu).
X Center for the Promotion of Foreign Trade and Foreign
Investment - ProCuba (www.procuba.cu).
X Grupo Empresarial Palco (Palco Business Group)
(www.cpalco.cu).
INSTITUTIONS THAT CONDUCT FEASIBILITY STUDIES
CONSULTANCY FIRMS INTERMAR (WEST BASIC BUSINESS UNIT)Calle 23 y F, El Vedado, La Habana, Cuba. Tel.: (53 7) 838 3817 / 838 3834
CENTRO INTERNACIONAL DE LA HABANA (CIH) (INTERNACIONAL HAVANA CENTER) Calle 20 no. 3108 e/ 31 A y 33, Miramar, La Habana, Cuba
Tel.: (53 7) 204 1802 / 204 2843. Web site: http://www.cih.cu
CONSULTORES ASOCIADOS, S.A. (CONAS) (ASSOCIATE CONSULTANTS, INC.)Ave. 5ta. no. 2201 esq. a 22, Miramar, La Habana, Cuba
Tel.: (53 7) 204 2988 / 204 4116. Web site: http://www.conas.cu
ASESORÍA, AUDITORÍA Y SERVICIOS ECONÓMICOS (CANEC, S.A.) (CONSULTANCY, AUDIT, AND ECONOMIC SERVICES) Calle C no. 5 e/ 1ra. y 3ra., El Vedado, La Habana, Cuba
Tel.: (53 7) 836 9000 / 836 9009. Web site: http://www.canec.cu
AUDITORES Y CONSULTORES INDEPENDIENTES (AUDITA, S.A.) (INDEPENDENT CONSULTANTS AND AUDITORS)Calle 3ra. e/ 76 y 78, Edif. Beijing 201, Centro de Negocios Miramar, Playa, La Habana, Cuba
Tel.: (53 7) 204 8089 / 204 8875
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DESIGN AND ENGINEERING COMPANIES:
EMPRESA DE PROYECTOS E INGENIERÍA DE LA ELECTRICIDAD (ELECTRICITY DESIGN AND ENGINEERING COMPANY) (INEL)Calle 23 no. 105 e/ O y P, El Vedado, La Habana, Cuba
Tel.: (53 7) 837 8100
CENTER FOR ENGINEERING AND CHEMICAL RESEARCH (CIIQ BY ITS SPANISH INITIALS)Vía Blanca e/ Infanta y Palatino, La Habana, Cuba
Tel.: (53 7) 648 9188 al 92
EMPROY NO.2 OF THE MINISTRY OF CONSTRUCTIONCalle 23 y N. Vedado, La Habana, Cuba
Tel.: (53 7) 832 9472
COMPANY OF PROJECTS FOR VARIOUS INDUSTRIES (EPROYIV BY ITS SPANISH INITIALS) OF THE MINISTRY OF CONSTRUCTIONCalle 9na # 614 entre 41 y 6, Playa. La Habana, Cuba
Tel.: (53 7) 204 2149
PROJECT AND ENGINEERING COMPANY OF HAVANA, (EPROB BY ITS SPANISH INITIALS) OF THE MINISTRY OF CONSTRUCTIONAve 31-A no. 1805, Playa. La Habana, Cuba
DESIGN CITY OF HAVANA, (DCH BY ITS SPANISH INITIALS) OF THE PROVINCIAL ADMINISTRATION COUNCILAve. 26 y Kohly no. 16, Nuevo Vedado. La Habana, Cuba
Tel.: (53 7) 830-3371
NATIONAL COMPANY OF AGRICULTURAL AND LIVESTOCK PROJECTS (ENPA BY ITS SPANISH INITIALS) OF THE MINISTRY OF AGRICULTURE Avenida Rancho Boyeros, Km 1 ½. La Habana, Cuba
Tel.: (53 7) 884-7439
INDUSTRIAL IRON AND STEEL ENGINEERING COMPANY (IST- SIME BY ITS SPANISH INITIALS)Vía Blanca, Reparto Luyanó. La Habana, Cuba
TRANSPORTATION INVESTMENT PROJECTS AND ENGINEERING COMPANY (TRANSPROY BY ITS SPANISH INITIALS)Ave Independencia no. 867 e/ Santa Ana y Ayestarán, 2do. piso, Plaza de la
Revolución, La Habana, Cuba
Tel.: (53 7) 870 4868
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SPECIALIZED LAW FIRMS: INTERNATIONAL LAW FIRM. TRADEMARKS AND PATENTS CONSULTANTSE-mail: [email protected]
TRADEMARKS AND PATENTS CONSULTANTS (CLAIM, S.A.)E-mail: [email protected] / [email protected]
INTERNATIONAL LEGAL CONSULTANCY (CJI BY ITS SPANISH INITIALS)E-mail: [email protected]
Web site: http://www.cji.co.cu
CUBAN LAW FIRM FOR INDUSTRIAL PROPERTY (LEX, S.A.)E-mail: [email protected]
Web site: http://www.lex-sa.com
SPECIALIZED SERVICES LAW FIRM (BES BY ITS SPANISH INITIALS)E-mail: [email protected] / [email protected]
WEB SITES OF INTEREST
GOVERNMENT OF THE REPUBLIC OF CUBA
Web site: http://www.cubagov.cu / http://
www.cuba.cu
GENERAL CUSTOMS OF THE REPUBLIC OF CUBA (AGR BY ITS SPANISH INITIALS)
Web site: http://www.aduana.co.cu
CHAMBER OF COMMERCE OF THE REPUBLIC OF CUBA (CCRC BY ITSSPANISH INITIALS)
Web site: http://www.camaracuba.cu
CENTER FOR THE PROMOTION OF FOREIGN TRADE AND FOREIGN INVESTMENT(PROCUBA)
Web site: http://www.procuba.cu
MARIEL SPECIAL DEVELOPMENT ZONE (MSDZ)
Web site: http://www.zedmariel.com
PALCO BUSINESS GROUP Web site: http://www.cpalco.com
NATIONAL STATISTICS AND INFORMATION OFFICE (ONEI BY ITS SPANISHINITIALS)
Web site: http://www.one.cu
CUBAN INDUSTRIAL PROPERTY OFFICE (OCPI BY ITS SPANISH INITIALS)
Web site: http://www.ocpi.cu
CUBAN CIVIL AVIATION INSTITUTE (IACC BY ITS SPANISH INITIALS)
Web site: http://www.iacc.gov.cu
ASISTENCIA AL TURISMO, S.A. (TOURISM ASSISTANCE COMPANY, INC.)(ASISTUR, S.A.)
Web site: http://www.asistur.c